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#873
San Diego Restaurants For Sale

Prime Ground Floor East Village Location!

$290,000
Prime Ground Floor East Village Location!
This Listing is Expired
Prime restaurant spot in the East Village of Downtown San Diego, two blocks from Petco Park! The restaurants provides a steady, yet growing business from the nearby residents and the heart of downtown San Diego�s business district. Enjoy the sales spike during home games!

If you've been searching for the right spot in this explosively growing area of San Diego... check this listing out. Tenth Avenue is one of the primary traffic feeders into the area, providing you with excellent visibility to both drive-by and foot traffic. This Quick Casual Mexican food restaurant was developed along with others in the immediate surrounding area of Petco Park as part of a $3 billion investment into the area. Projects completed, underway and planned for the area will result in over 7000 new homes, 1.2 million square feet of commercial space, and almost 750 new hotel rooms ... all of which provide a great platform to build your business on.

Great for a conversion to your own concept, take advantage of the tenant improvements and equipment value for a possible conversion to your own concept (Location does not have a hood). Or, take over this �turn-key� national franchise restaurant; with a growing customer base, great food, and lots of potential upside! This is a national brand with over 200 locations and is surrounded by heavy daytime users, office complex, industrial, other commercial users, and residential. Customers frequent this restaurant for its food quality, flavors and freshness delivered on a consistent basis. Add catering to all the businesses surrounding this restaurant location to boost sales. Sale includes the paid franchise license ($20K fee). This location is in a 1154 sf space, with 5 years remaining on the lease with a base rent of $3813; NNN $382. The key employees are in place and could be there to help jump start your new business if desired.

Take the next step and complete the online confidentiality agreement and you�ll be provided with the location address. Also you will given priority notification to new listings in the future, prior to the general public, giving you the best chance to �scoop in� the best opportunities.
This is a Stone Path Brokerage Services, Inc. DBA Selling Restaurants San Diego listing.
Broker of Record Rob Tade DRE License #01339409

Lease

Region:
San Diego Restaurants For Sale
Lease Term:
5 yrs Remain + Two 5 year options
Total Monthly Rent:
$3,813
Security Deposit:
$3,713

Operations

Liquor License:
41
# of Full-Time Employees:
4
# of Part-Time Employees:
4
# of Family Employees:
2
Hours Open:
11am - 9pm
Year Established:
2005

Facilities

Indoor Seating:
32
Outdoor Seating:
16
Inside Sq. Ft.:
1,154
Outside Sq. Ft.:
400

Highlights

  • Prime restaurant spot in the East Village of Downtown
  • Two blocks from Petco Park
  • On Tenth Avenue, one of the primary traffic feeders into the area
  • 7000 new homes being build, along with 1.2 million sf of commercial space
  • Almost 750 new hotel rooms being added
  • Current Average Unit Volume is $24k monthly
  • 1154 SF of Space $5426 in base rent, $382 in additional rent
  • 5 years remaining, plus two 5 year options
  • Transaction includes paid franchise fee ($20k)
  • Beer & Wine License Transferrable

Financing

Will SBA Finance:
No
Will Seller Lend To Buyer:
No

Demographics

Population 1-mi. 3-mi. 5-mi
2014 Total Population 34,318 66,417 355,261
Households 1-mi. 3-mi. 5-mi
2010 Number Of Households 20,599 38,447 151,879
2010 Persons Per Household 1.47 1.58 2.19
Median House Value $448,700 $493,942 $479,053
Income Per Household $52,550 $56,946 $55,375
Businesses 1-mi. 3-mi. 5-mi
2009 Number Of Businesses 3,848 5,592 13,566
2012 Number Of Employees 134,300 179,678 427,386
2012 Total Annual Payroll $3,347,327,000 $4,294,967,295 $4,294,967,295

click for more demographic info

Disclaimer

Notice: The User (that's you reading this) of this Website understands that STONE PATH BROKERAGE SERVICES CORPORATION ("Broker") or its agent(s) do not audit or verify any above information given to or gathered by Broker or its agent(s) from Seller, our Client, or make any warranties or representations as to its accuracy or completeness of the information provided, nor in any way guarantee future business performance. The User should perform a complete and detailed due diligence on the business and or real estate before buying it.  In some cases, forward looking statements may have been made but these statements are absolutely no guarantees of future performance of the business as each User has differing skills sets to either grow the business or kill the business.  Owning a business is a risky venture, but can also be a rewarding one.  The User of this website is solely responsible to examine and investigate the Business and or real estate, its assets, liabilities, financial statements, tax returns, and any other facts which might influence the User's purchase decision or the price the User is willing to pay. Any decision by User to purchase the Business shall be based solely on User's own investigation and that of User's legal, tax, and other advisors and not that of Broker or its agent(s). Any listing information may change at any time without any notice to User. DRE License # 01339409.

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